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Brightstar Lottery (BRSL)
NYSE:BRSL
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced: the call conveyed solid underlying operating performance (Q4 revenue up 3%, Q4 adjusted EBITDA up 5%), meaningful deleveraging, strong shareholder returns (>$1B in 2025), and strategic wins (nine-year Italy Lotto license, São Paulo greenfield, iLottery momentum). However, near-term financials are materially impacted by the sizable Italy upfront license payments and associated amortization, a peak capex cycle, the UK contract transition, and a modest full-year EBITDA decline versus prior year. Adjusted cash generation looks healthy after excluding one-time license outflows, but reported cash and leverage will be stressed through the license payment in 2026 before improving. Overall, positives around growth initiatives and balance sheet repair are roughly balanced by near-term cash/earnings pressure from the license and investment cycle.Company Guidance
Quarterly Revenue Growth
Q4 revenue of $668,000,000, up 3% year-over-year (from $651,000,000), driven by elevated U.S. multistate jackpot activity and strong iLottery performance.
Solid Adjusted EBITDA Performance (Quarter)
Adjusted EBITDA for Q4 was $304,000,000, a 5% increase versus $290,000,000 in the prior year quarter; management also reports full-year EBITDA around $1.10–1.12 billion.
Strong Adjusted Cash Generation (Before License Fees)
Company generated nearly $750,000,000 in cash from operations before funding the first two Italy Lotto license installments (reported cash from operations was negative $193,000,000 but +$733,000,000 on an adjusted basis).
Material Shareholder Returns
Returned over $1,000,000,000 to shareholders in 2025: $770,000,000 in cash dividends (including a $3 per share special dividend and $0.82 in regular dividends) and $271,000,000 in share repurchases; announced a new quarterly dividend of $0.23 (a 15% increase vs. historical run rate).
Balance Sheet and Leverage Improvement
Net debt improved to $2,700,000,000 at year-end 2025 from $4,800,000,000 at end-2024 (a reduction of ~$2.1B, ~44%); net debt leverage reduced to 2.4x from 4.1x, and liquidity exceeds $3,000,000,000.
Strategic Contract Win — Italy Lotto License
Secured the Italy Lotto license for nine years, enabling a planned major digital expansion (iLottery, iCasino, sports betting) across one of the world’s largest retail networks (~50,000 points of sale).
iLottery and Digital Progress
Italy iLottery wagers up over 20% in FY25; My Lotteries app has gained ~3 percentage points of market share since launch; company hired an experienced digital gaming executive to lead B2C efforts.
OPTIMA Cost Program and Efficiency Targets
OPTIMA program delivered cost reductions and management is tracking toward ~ $50,000,000 of targeted savings by 2026 (savings split between service gross margin and operating expenses).
Large New Growth Opportunity — Sao Paulo, Brazil
Won a rare large-market greenfield lottery launch in São Paulo (joint venture with Scientific Games) — expected to be long-term meaningful revenue/cash flow once ramped, though it will require upfront investment and a multi-year buildout.
BRSL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BRSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $13.05 | $13.72 | +5.13% |
Nov 04, 2025 | $16.34 | $16.40 | +0.42% |
Jul 29, 2025 | $13.91 | $14.97 | +7.63% |
May 13, 2025 | $14.34 | $12.98 | -9.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brightstar Lottery (BRSL) report earnings?
Brightstar Lottery (BRSL) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Brightstar Lottery (BRSL) earnings time?
Brightstar Lottery (BRSL) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRSL EPS forecast?
BRSL EPS forecast for the fiscal quarter 2026 (Q1) is 0.25.